Dow closes more than 150 points lower

Dow closes more than 150 points lower

Following the mixed performance seen in the previous session, stocks are likely to move to the upside in early trading on Friday.

MARKETS OVERSEAS: Major indexes in Europe were mostly lower.

Gains in technology and industrial shares helped US stocks rebound from a two-day fall on Thursday as investors shrugged off the prospects of more interest rate hikes this year.

Trading activity may be somewhat subdued, however, as a lack of major United States economic data is likely to keep some traders on the sidelines. "It lined up with market expectations for a continued gradual pace in interest rate hikes", said Michael Skordeles, U.S. macro strategist at Suntrust Advisory Services in Atlanta.

Meanwhile, traders may look ahead to the release of a slew of economic data next week, including reports on new home sales, durable goods orders, consumer confidence, personal income and spending, and manufacturing activity.

Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street after the volatility seen in recent weeks.

The two companies created from the split of Hewlett Packard Co in 2015, reported strong results and HPE also announced a plan to return $7 billion to shareholders.

Since inflation worries knocked the S&P 500 down more than 10 percent from its January 26 high, stocks have rebounded in recent sessions as yields on the 10-year U.S. Treasury note have stabilized around the 2.9 percent mark.

The Dow Jones Industrial Average .DJI rose 229.23 points, or 0.92 percent, to 25,191.71, the S&P 500 .SPX gained 31.89 points, or 1.18 percent, to 2,735.85 and the Nasdaq Composite .IXIC added 98.50 points, or 1.37 percent, to 7,308.59.

Despite trading higher during the previous trading session prior to the release of the U.S. Federal Reserve, most U.S. stocks fell during the trading session on Thursday shortly after the release of the Federal Reserve's previous policy meeting.

The Conference Board said its leading economic index jumped by 1.0% in January after climbing by 0.6% in December. Germany's DAX slipped 0.3 percent, while France's CAC 40 rose 0.1 percent.

In commodities trading, crude oil futures are slipping USD0.03 to USD62.74 a barrel after jumping USD1.09 to USD62.77 a barrel on Thursday. An ounce of gold is trading at $1,325.50, down $6.60 compared to the previous session's close of $1,332.10.

On the currency front, the USA dollar is trading at 107.03 yen compared to the 107.78 yen it fetched at the close of NY trading on Wednesday.

Related News:

  • 'Angry Birds' maker Rovio's stock is getting killed

    'Angry Birds' maker Rovio's stock is getting killed

    User-acquisition investment in the fourth quarter more than doubled, to €15.9m ($19.5m) from €7.7m past year . Shares in Rovio Entertainment , best known for creating the " Angry Birds " franchise, have plummeted.
    Eni executive: drilling off Cyprus could be put on hold

    Eni executive: drilling off Cyprus could be put on hold

    Cypriot President Nicos Anastasiades was expected to discuss the issue with European Union leaders who are meeting in Brussels on Friday.

    Macquarie Infrastructure Corporation (NYSE:MIC) reported 4Q net income of $349.1 million

    It turned negative, as 30 investors sold MIC shares while 91 reduced holdings. 52 funds opened positions while 125 raised stakes. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned "Buy" rating by RBC Capital Markets on Monday, November 6.
  • New Overwatch Lore Introduces a Mysterious New Character: Emre Sarioglu

    New Overwatch Lore Introduces a Mysterious New Character: Emre Sarioglu

    The message included in the tweet above recounts a mission that the Overwatch team participated in before the events of the game. All we know about the character at the moment is that they're a Private First Class rank under Captain Ana Amari.
    Would just-released RB Chris Ivory fit the Lions?

    Would just-released RB Chris Ivory fit the Lions?

    The Jacksonville Jaguars have released veteran running back Chris Ivory just two years into a five-year contract. In his final season with the Jets, Ivory won the rushing title and was named to the Pro Bowl.
    Chiefs to trade CB Marcus Peters to Rams

    Chiefs to trade CB Marcus Peters to Rams

    Peters was named to the Pro Bowl his rookie and sophomore season with the team, and then as an alternate in his third year. Los Angeles' move all but ends pending free agent Trumaine Johnson's tenure with the team after six seasons.
  • 'Annihilation' director Alex Garland talks us through its mesmerizing ending

    'Annihilation' director Alex Garland talks us through its mesmerizing ending

    Like the Olympics, though, even when you put together a attractive routine, points get deducted when you slip on the landing. There's nearly no levity, other than some happier times spent with Lena and Kane during the film's non-linear narrative.
    Please share your views on organ donation consultation

    Please share your views on organ donation consultation

    The Sunderland dad believes the opt out law could have a huge impact on those waiting for organ donations. Emma-Jayne Taylor, of St Bees, knows only too well how important organ donation is.

    Capossela Sells 3500 Shares of Microsoft Co. (MSFT) Stock

    Braun Stacey Associates owns 257,230 shares. (NYSE:T), its shares were trading at $36.47 a gain of $0.16, on the trading floor. The California-based San Francisco Sentry Investment Gp (Ca) has invested 0.09% in Thomson Reuters Corporation (NYSE:TRI).
  • More bombs fall on Syria's eastern Ghouta ahead of United Nations  vote

    More bombs fall on Syria's eastern Ghouta ahead of United Nations vote

    During Thursday's gathering, Turkish warplanes could be heard flying overhead making some of those gathering to flee the area. Meanwhile, on 22 February, the security Council should consider a resolution on the ban of fire, but the vote was postponed.
    United States  says DPRK cancels meeting with Pence at Winter Olympics

    United States says DPRK cancels meeting with Pence at Winter Olympics

    The United States got off to a slow start at the Winter Olympics , winning just 10 medals in the first 11 days. When asked when she found out about the closing ceremony, she responded, "I found out three months ago".
    Ford names Lincoln chief to replace ousted N. American boss

    Ford names Lincoln chief to replace ousted N. American boss

    Since October 2016, Joy Falotico has been group vice president and chairman and chief executive of Ford Motor Credit Co. Farley said in the release that Galhotra is a "seasoned leader who knows how to drive a business transformation".


Most liked

Hot Trending Stocks: Mondelez International, Inc. (MDLZ), Corning Inc. (GLW)
Amf Pensionsforsakring Ab holds 0.78% or 1.75M shares in its portfolio. 376,202 are held by Brown Advisory Inc. Mondelez International, Inc . (NASDAQ: MDLZ ) has risen 5.69% since February 23, 2017 and is uptrending.

Bronze in free skate
In 7th position after the short program, the Canadian Gabrielle Daleman has experienced a first half of free program catastrophic. On Thursday evening in Canada (Friday in Pyeongchang), Osmond won the bronze medal in women's figure skating.

Trump defends comments on giving USA school teachers concealed guns
The New York Times reported Thursday that Trump said he could potentially devote federal money toward training teachers. President Donald Trump: "It's called concealed carry, where a teacher would have a concealed gun on them".

NRA CEO criticizes the media on gun control
He also said he would push for an end to the sale of bump stocks , which allow rifles to shoot hundreds of rounds a minute. Trump is only going to endorsed NRA approved changes that will do nothing to get unsafe assault weapons off the streets.

Investors Sell JPMorgan Chase & Co
It operates through three divisions: Production Solutions for the Electronics Industry, Solar Energy, and Recognition Software. ValuEngine upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd.

Hecla Mining (HL) Shares Down 0%
FBR Capital maintained it with "Mkt Perform" rating and $5 target in Wednesday, July 20 report. (NYSE:STAY) for 4.27M shares. The firm has a market cap of $1,497.74, a PE ratio of -62.83, a price-to-earnings-growth ratio of 32.61 and a beta of 0.25.

Stocks Analysis Review: AngloGold Ashanti Ltd. (AU), American Eagle Outfitters, Inc. (AEO)
TRADEMARK VIOLATION WARNING: This report was reported by registrarjournal.com and is the property of of registrarjournal.com. Deutsche Bank raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Thursday, November 30th.

Dortmund's Batshuayi alleges racist abuse by Atalanta fans
Borussia Dortmund progressed to the last 16 of the Europa League , thanks to the sublime goal by substitute Marcel Schmelzer . And the 24-year-old hit the ground running after netting five goals in five appearances.

Riley Analysts Give Martin Midstream Partners (MMLP) a $18.00 Price Target
It also operates an online-only used equipment marketplace that facilitates the completion of sales through a settlement process. Martin Midstream Partners L.P.is a limited partnership with a set of operations focused in the United States Gulf Coast region.

Disney's Star Wars Resort Reveals First Look Photos
Galaxy's Edge is planned to open in 2019, and will debut first at the Disneyland Resort and later at Walt Disney World . We're standing on the Galaxy's Edge , and on the other side is a stunning, immersive Star Wars-themed hotel experience.

Dad charged with murder in 'near decapitation' of 2-year-old son
Rolando Ortiz , 37, was charged with one count of first-degree murder in connection to the death of his son, WGN reported . The sister-in-law called relatives who lived in the apartment one floor below Ortiz and they went to check on the child.

Russia says Syrian ceasefire monitoring center hit in shelling
Eastern Ghouta , located on the outskirts of Damascus , is home to 400,000 people and has been under siege since 2013. But Shah declined to say whether the new round of bombing constituted war crime by Assad.

KFC's apology for running out of chicken is pretty cheeky
The ad, featured in the Friday edition of the paper, included a comic reordering of the brand name's lettering to spell out "FCK". The fast-chain chain took out an ad showing an empty bucket of chicken in both the Metro and The Sun newspapers.

Sunday alcohol sales on the way
Lawmakers for decades have debated ending the ban, but those proposals all foundered amid squabbling among interest groups. That issue aside, Bosma likely best summed up lawmakers' reactions to final passage - at long last - of Sunday sales.

Five refugees killed, 20 injured in Rwanda camp food protest
It adds: "Violent demonstrators armed with stones, sticks and metal projectiles assaulted and wounded seven police officers". He said police started firing teargas in the air and at the refugees when some officers were injured by the protesters.